94 Formosa Dr, Richmond Hill - Single Garage Semi-Detached Home

94 Formosa Dr

LocationRouge Woods, Richmond Hill, L4S 1T1
$999K For Sale
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Description

Opportunity knocks on a premium lot in one of Richmond Hill's most sought-after pockets. Situated off Bayview and Major Mackenzie, this 3 bedroom, 3 bathroom semi just under 1600 square feet of above grade living space. The open concept main floor is filled with natural light. The bedrooms are generously sized. The primary bedroom features a walk-in closet and private ensuite, with a second full bathroom upstairs. The finished basement has a walk-out to the backyard, offering in-law suite potential. Mature trees in both the front and backyard provide added privacy. Interior access to the attached garage provides everyday convenience. Whether you are an end user looking to renovate and make a property feel like your own, or an investor looking for strong rental income potential, this is a true value-add opportunity. Minutes to Highway 404, big name retailers, restaurants, and parks, all within the Bayview Secondary School area. Homes with this much upside in this location don't come around often.

Features

  • House Facing
    Facing: North
  • Bedrooms
    Bedrooms: 3
  • Bathrooms
    Bathrooms: 3
  • Garages
    Garages: 1
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 20.88 x 101.64 Feet
  • Lot Depth
    Space: 1500-2000
  • Tax Amount
    Tax: $ 5837.59
  • MLS
    N14093166
  • Listing contracted with: SOTHEBY'S INTERNATIONAL REALTY CANADA
Room Size(M) Description
Kitchen5.55x2.72

Eat-in Kitchen, Breakfast Bar

Dining Rm3.08x2.89

W/O To Deck, Combined w/Living

Living Rm4.29x3.82

Large Window, Combined w/Dining

Primary B4.29x5.11

Walk-In Closet(s), 4 Pc Ensuite

2nd Br3.53x3.10

Closet, Window

3rd Br3.01x2.76

Closet, Window



Bathroom Pieces Level
1xBath4 pcs

Second

1xBath4 pcs

Second

1xBath2 pcs

Main



Property Summary

Located close to the intersection of Major Mackenzie & Bayview, 94 Formosa Dr is a 3 bedrooms 3 washrooms Semi-Detached. The unit has a Single Attached Parking Space. The property has many nice features including Water Heater, Storage and In-Law Capability. Kitchen, Dinning Room Rm and Living Room Rm are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 6.4% compared with the same period last year.

Rent levels have decreased 6.4% compared with the same period last year.

Need a More Precise Value?
Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.
Contact Alan
Recent 6-Month Rent Range
$3,150 – $3,450/month

How This Home Compares

Market Temperature
Strong Seller's Market
Strong SellerSellerBalancedBuyerStrong Buyer
Low inventory strongly favours sellers of similar homes.
Typical Selling Time
7 Days
Similar homes are selling in about 7 days, faster than the same period last year.
Price Position
Need a More Precise Value?
Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.
Contact Alan

Local Area Profile

This property is located in a predominantly owner-occupied residential area with a mix of detached homes and townhouses. Approximately 60% of residents hold a bachelor's degree or higher, while about 14% have a college credential. Most local commuters travel by car, while a smaller share use public transit.





School Information



Commute Information

GTA Go Train Richmond Hill Go Train Station (1.9km) - Free Parking available, parking lots: 2004

Location





Community Overview

94 Formosa Dr is at the Heart of Rouge Woods Community. The community of Rough Woods runs from Leslie at East, to Major Mackenzie Dr in the south, Bayview Ave on the west, and Elgin Mills in the north. Many locals and immigrants like Rough Woods because of its convenient transportation, top schools, and excellent shopping.

The community environment is beautiful. The Rouge River Headwaters Valley and Trails wander via the community. Several community parks, such as Headwaters Community Park, Redstone, and Willow Grove, are also available for residents' recreation activities. Houses in Rouge Woods Richmond Hill are dominated by detached homes, accounting for about 66% of residential real estate, while semi and Townhouses only about 32%. About 50% population speak Cantonese, Mandarin, and other Chinese dialects, followed by Middle Eastern, Arabic, South Korean, and Eastern Europeans. In 94 Formosa Dr neighbourhood, you will find many residents are Chinese, Hong Konger, Iranian, Korean, and Canadian. Along highway 404, we have witnessed rapid development in the past several years. Located right in the centre of this district, the community centre has several meeting rooms and classrooms for residents to use and provides a variety of community courses for residents. It only takes about 15 minutes to drive to supermarkets such as Haojing Supermarket and T&T., and there are four shopping malls of different sizes in the area. To sum up, the Rouge Woods community is the Ace community in Richmond Hill. It has an excellent living environment with better affordable housing prices. Buying your home in this five-star community is the right choice!


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